Investing is easy, pick a small baskets of good companies with great fundamentals and just "Go All In" ~ Charles Fuchs.
What's Up STACKERS!
What can I say, It has been a very emotional week for many of us in the "Crypto Markets", the markets are currently on a roller coaster ride with lots of ups and downs. 📈📉
Too the seasoned crypto investor, this is just normal for them but for the all "Newbs" who just got in the markets, it's crazy. 🤯
You see... the last few months, a person could of just picked any cryptocurrency and it practically would gained 100% to %1,000 returns without doing anything.
Heck, I even stopped reading "white papers" for a few months and just picked up any cryptocurrency that had a nice logo and I knew it would go up, it was that easy. 🤣
This correction got me thinking and it made me realize something... I stopped being an investor and became more of a "Speculator" and "Gambler" with my money. I have to admit, it was pretty damn easy to make money in 2017 with all these SH💩T Coins.
So I decided to sell most of my portfolio and go "All In" with companies that I see that will be there future of the blockchain. Approximately 90% of money will be invested only in companies are "Protocol" related from now on... In other words, things that will able to run thousands to tens of thousands of DAAPS with tens of thousands of transactions... this is where the money is going to be made in crypto! 💰
Who will lead the foundation of the blockchain in the future, will it be Ethereum, NEO, IOTA, Cardano, Icon, EOS, Qtum, Ark, Steem just to name a few. It can be anyone of these or it can be none of these, a new comer might come out of no where down the road like Tron with "Hyped" Marketing. Only time will tell who will lead the pack...
So what is my "Game Plan?" from now on, I will be dollar cost averaging each one these cryptos weekly. I already have a nice position in all these protocol cryptos and moving forward, I will be picking up more of these each week (on the dips).
Don't get me wrong, I will still invest in other things that I can see do well 3 years down the road such as Bitcoin, Litecoin, and SALT just to name a few. 📆
There is a reason for this, we are to early in the game and mass adoption or "consumer" based things will take years to build and to develop to become profitable. I remember the companies in the 90's who won huge in the dotcom boom were the infrastructure plays such as IBM, Oracle and Sun Micro etc... etc... all the Business to Business Plays.
What do you guys think? Are you just gambling with Speculative cryptos right now based on hype or preparing yourself to have a 10X million dollar portfolio with companies that can change the world.
Keep on "STACKIN" 💰
For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
I can say it is too early to tell.
I feel the smart contract application will stay around and flourish.
Pump and dump will only survive with a high btc price and fees way high.
Wait til lighting network gets out, bitcoin to the moon... if it works 😂
I had to refrain my self from the shitcoin hype, I dabbled a bit but I stayed mostly in the top 10 the entire time.
It was fun trading those coins until they went to Shit haha
Good post
I think finally Bitcoin will be the only standing because it is the ONLY cryptocurrency that is very wel suited as store of value and this can never be replicated by an altcoin.
In my view eventually all altcoins will replaced by 2nd layers of bitcoin because they have the best security for free. HODLers pay the miners already, an alt that has its own blockchain need to pay the miners for a smaller level of security.
Over the long term an own PoW blockchain is simply not efficient (less security for more costs) and PoS will lead to centralization. Beside that with 2nd layers you can use BTC and that is most used and accepted (network effect). 2018 will be the year that the first 2nd layers will be rolled out! (Lightning Network and Rootstock)
Thats why my strategy for a few years already is HODLing 80% in BTC and use the other 20% for picking interesting alts. When the alt made a return of 20 to 50x I sell a part back for BTC, so slowly grow my BTC holdings.
After selling a part simply let it grow to a big stack again and repeat the same. This way you have a relatively steady portfolio and you will always be holding a small amount of interesting alts.
Bitcoin is the grand-daddy G, so there is no way it will lose its spot in the top 3. However, I just don't really see the benefit of holding bitcoins this late in the game. Sure, I got a few, but I wouldn't put all of my investment in it. Call me a traitor, but my hope is in Ethereum and Ripple. We are heading toward a whole new gaming revolution using the Ethereum block-chain and I can see its potential. I can smell it. I can taste it. Ripple, on the other hand, already has banks backing them up and I will milk everything I can from them. My strategy is a bit similar to yours. 80% of my investment is spread out evenly among the top 3 cryptocurrency and the other 20% is in the altcoins that I am interested in (gaming and virtual reality).
I think many people underestimate the potential that BTC still has. Hedgefunds are just started and will bring way more money in. Some later all the extremely rich will go HODL their wealth in this store of value and also central banks and Governments could finally go in. What do you think about international trade / import and export?
There is still HUGE potential for BTC (million per coin = 100 x is possible, will be 3 times the market cap of gold and since the usability is way higher......) and I expect the day will come that every powerful entity on the planet want to own an as big as possible part of the BTC blockchain while the supply is limited......... Alts will be forgotten if this happens.
I think the steem dollar will completely replace and eliminate bitcoin like it is currently on track to do.
https://steemit.com/steem/@mysearchisover/steem-is-beating-bitcoin
Great plan 👌🏽 This market correction also taught me a thing or two!
I know many 50% down on recent BTC buys so don't worry, no-one is pro or safe when the hammer falls!
Learning Lessons this week lol
Biggest trap of them all, same thing happen with stock markets from the 90's to early 2000's it was easy to make money you put it anywhere your stocks where going up and them WHAM!
What happens in crypto land is much faster though with 24/7 trading and worldwide trading its pretty normal to see 2 hour or 2 day corrections.
Bitcoin I am expecting to freakin explode as soon as lighting network is released but of course steem is a good pick as well as SBD lightcoin and ethereum in my book.
Happy investing!
Totally agree, I beleive 2108 is going to be the biggest year yet, just weathers the storm peeps 🙌🏼
Great post. Thank you for sharing the wisdom you got due to this dip. This dip in cryptocurrency market has made a lot of people more careful and conscious about their investments in cryptocurrencies. Which is a good thing.
Remember every bad thing that happens in the world, as some positive aspect to it as well :)
Failure brings wisdom with it :)
You couldn’t even said it better than that! 💪🏼🙌🏼💯
Great thoughts to reflect on buddy. I've done the same with my own portfolio and feel a lot better about it.
There is some really great teams out there and it's exciting to check the projects out!
Have you heard of a coin called Xtrabytes (XBY) if you are looking for an interesting one, maybe give that a little gander and let me know what you think. Very promising for the years to come.
Yeah, that's another one. My thinking is this, the best company won't win but the one with the best community and marketing team will... I wish i had a Crystal Ball lol
100%! Just have to keep up to date the best you can in this game. I think the biggest misconception the newcomers have is that they don't see the coins/tokens as companies like Facebook & Amazon. Companies that required mass adoption from dedicated teams pushing it forward, strong community support and great exposure from the marketing team.
Gamble with 10%. Put some money in coins with rewards for passive income. The rest in steem.
Great advice... it’s like Las Vegas, just want to spend $1000 but then end up ending betting more 😂🤣
I still have some gambling coins but the most skin I have in more solid and developed projects.
I still like privacy coins a lot, especially Monero.
You don't like Lisk?
The correction has showed me a bit, that I am not diversified enough in other assets as crypto and I started to get some precious metals from the crypto gains and planning to continue to increase my bag there month by month.
Lisk is one of them and also stratus, I just didn’t want to list tons of them lol
Silver is always looking good under $20 🙌🏼
Yes!!! Great points man. It's so tempting, and addictive when everything is 100x'ing and your gains are sky rocketing...Not so exciting to slow the roll and dollar cost average this stuff.
But I'm with you, long term!!!
Slow and steady wins the race as long as you are following these @stackin gems...
People tend to forget short term quick Gainz leads to disaster at the end 😂🤑
Personally I like the foundation plays you noted. I’m not much of a speculator on the crap coins I know nothing about.
Don’t get me wrong, you can make money with the speculative plays but I don’t want to gamble much anymore, I already live in Vegas haha
haha vegas is op. Have you heard of bitsler ?
@stackin I don't know who is smarter when it comes to Crypto's is it Charles or maybe @jerrybanfield since he is all in on STEEM ?? It really does not matter just have some FUN and now realize that HYIP is something that HURT many people..........
Who’s doing Hyip? 😂
This is great lesson learnt. The community is the driving force. Steemit all the way... thank you for this post.
Let’s go to the moooooon 😀
HOLD HolD And Hold. i am holding like my life depends on it
STACKIN coins til 2020 haha
If I had real large sum of money invested in crypto it will be difficult to handle this big drop. Glad I am not risking more that what I am allowed to lose ;) Hopefully most coins can continue its uptrend. Thanks.
In the mean time, do tons of research and pick some on the dips 😀
Nice post and i agree with your thoughts being proactive is a good habit and it is essential to deal with crypto and your post reminds me an old saying that all that glitters are not gold, so it means we all have to do a research first before trying to invest in any platform or coins and doing research first will ultimately bring in great results, thanks for sharing your nice thoughts with us, Stay blessed
The glitz and glimmer is fun until it become dull and boring haha
Yeah, this weeks roller coaster is such a pain in the ass. Good thing I was able to hold my temper of selling my coins :)
We got that “Strong Hand” 😀
I think you're bang on about the infrastructure plays. I am big on the DApps space and reckon the king will be ETH for 2018 and EOS could make a huge splash when it goes live too.
EOS can be a huge game changer, let’s see what happens at the end of the year, very bullish! 💯
Dude but you didn’t tell us which are the crypto you decided to invest in?
I am interesting in knowing it
I love all protocol platforms, I’m in all of them, mostly EOS and ICX! 🤑
thanks for the post! Last week was really nightmare for cryptocurrencies. But the consolidation needed for markets. Now they can go further
It was heaven for me, I picked up tons of cheap coins lol
One you missed that I've just started stacking is Ubiq. Might be worth a look into, I think it fits the bill for coins you are looking for.
My DCA projects are ICON, NEO, Cardano, Ubiq, LBRY credits (my wife's choice), Substratum and TenX. I think I'm going to start doing EOS as well. My general strategy is the same as you with a few wild cards mixed in.
You got to put EOS IN THERE BOSS 😎
Yeah I better as it in before I miss my trip to the Moon!
Yeah...I guess the same...This week will be crypto correction.
I hope so, I need to get some cheap tokens 😂
Neah with the run up a month a few weeks ago I got out of all of that as soon as it was hitting ATH's and making me nice profits. I've since been accumulating ETH, OMG, QTUM, and BTC. Pretty similar to what you're doing with maybe the exception of OMG and have been pretty happy seeing my portfolio grow even in the dips.
We think alike, OMG is a great investment!
Very wise decision... technology will be the winner!
Now all I need to do is get more tokens 😬
Glad that the correction is happening early this year @stackin. This helps to weed out shitty coins and increases competition between worthy coins with real value. Although I just only started learning about blockchain technology and cryptocurrency, this is simply too exciting to miss out - getting involved in the Next Big Thing at such an early + affordable stage!!
Real early, it’s like finding out about email In the early 90’s lol
Most of the ones that you name are ones that I'm on board with. I was a fan of Tron at one point but now I'm feeling like it's a bit risky after seeing their white paper.
By the way, I saw your post on an altcoin buzz video earlier today.
Steem is definitely going up some glad you have stacked a lot of it and I'm glad I did too.
Altcoin buzz is a good channel lol
Just Stack Them All :)
Always 😀
Very sound advice. We all learn a painful lesson from this week's corrections. Specially true to crypto newbs like me, thankfully I know how to hodl and didn't went to a panic selling. Now that things began to normalized, I think it's time to change my strategy like you do. Thanks again for the wonderful advice. Have a nice day.
Hodl great coins, to much just and hype out there these days 😀
yes it was interesting to me that these upsets came out for the first time.I hope it will not continue.
It will be a bumpy ride this year, strap your seat belt on 🤣
Hahaha yeah dude... Time to 10x that due diligence!
Got to get back to the “white papers” and start doing research again 😂🤑
I think investing in the protocols is the smartest move to make and makes the most sense to me!! There are tons of crap out there and some may be able to pull off a miracle, but most will end up useless and worthless!
Agreed, 99% of these cryptos coming out won’t be around in 5 years 😳🤣
There are definitely some crazy ideas out there, but many are not feasible!
Excellent strategy and you have chosen the coins correctly, because their state of affairs today shows the prospects in the long run. I also try to invest in stable projects! Thank you @stackin
Stack up on those great projects 💯
Definitely an ugly week that’s for sure.
But hey, what’s life without lessons? 🤷🏽♂️
Bordum haha
I think that's a solid plan man, I personally go with what I think will succeed in the future, so far that's mostly NEO, VEN, and EOS with a few others that I think have solid shots
I got high hopes for EOS, Big Time! :)
Personally I like the foundation plays you noted. I’m not much of a speculator on the crap coins I know nothing about.
Tons of people made bank in 2017 gamblin shit coins lol
Absolutely a very emotional week. I had a final exam. I could not take the time to follow up on the market. And now they are less steep, especially on a steep lower level. I guess I should study a little. :) @stackin
And reestemed to you sir
Yes this is problem of a lot of "traders"
You might be interested in what I just posted about crypto investing. Many people think that cryptos are so different but they really aren't. The only thing you have to realize is that crypto is much more "emotional" because there are so many new investors who havent even done any investments in a regular USD market. Don't worry buddy, you're a f**king genius and you'll pull through.
You are right "Protocol" coins will be the biggest players!
ETH
ETH is the biggest right now cause he takes all the job and supports ERC-20 tokens!!
ADA cardano
ADA looks like is going to be big, But he is not doing much yet! There is not enough working things yet If you toke out Hype and Charles Hoskinson.
XLM
XLM is big super fast secure but has not much ICO's running on it!
EOS
EOS says it will support ERC -20 But again has not much going yet! Actually "EOS tokens" are now on ETH network...
IOTA
IOTA is promising a lot but when you read what MIT wrote on them and the hype vs product stage... It is ?? I don't know.. Check it yourself.
ETC
ETC- you can buy about ETC at 3% of ETH price you can get the similar abilities? Are they still similar or took different paths?
I have my answers I just want you to think and have yours...
What do I think?
I think if you support a coin that is a platform support also the ICO's running on it.. And support the programmers the team the Forum do much more than just investing money in the coin! If you can...
By the way, what in the world is SALT? Sound like it would taste good with my meat!
Great and valuable information about crypto correction.
Thanks your post help me a lot to understand this process.
Amazing post.thanks for sharing it
I think that's a solid plan man.
I guess the same
Truly, awesome focus man.
I think you should hire me to help modify your plan. I bet steem, steemit and the steem dollar will do a lot of damage to a lot of companies.
Useful and informative post thank you dear friend.
very needed post .
thanks for searing.
I know it is! 🤨
your post nice friends ,,, I love it., help upvote my blog friend ya.
Sure, you want a 100% upvote! 😤
Sure! 😜
STEEM and EOS with backing vocals from a few above is my band going into 2018.
Last year was madness, time to get professional!
Time to stack 💪🏼🤑💯
yes i want an upvote from you 100%